Friday, September 26, 2008

To address our current financial crisis, John McCain suspended his campaign and returned to Washington, D.C., today to help build a bipartisan consensus for a proposal that would protect the American taxpayer. Despite today's news reports, there never existed a "deal," but merely a proposal offered by a small, select group of Members of Congress. As of right now, there exists only a series of principles, including greater oversight and measures to address CEO pay. However, these principles do not enjoy a consensus in Congress. At today's cabinet meeting, John McCain did not attack any proposal or endorse any plan. John McCain simply urged that for any proposal to enjoy the confidence of the American people, stressing that all sides would have to cooperate and build a bipartisan consensus for a solution that protects taxpayers.However, the Democrats allowed Senator Obama to run their side of the meeting. That did not work as the meeting quickly devolved into a contentious shouting match that did not seek to craft a bipartisan solution.At this moment, the plan that has been put forth by the Administration does not enjoy the confidence of the American people as it will not protect that taxpayers and will sacrifice Main Street in favor of Wall Street. The bottom line is that as of tonight, there are not enough Republican or Democrat votes for the current plan. However, we are still optimistic that a bipartisan solution will be found. Republicans and Democrats want a deal that will protect the taxpayers.Tomorrow, John McCain will return to Capitol Hill where he will work with all sides to build a bipartisan solution that protects taxpayers and keeps Americans in their homes. I absolutely think that McCain should not return for the debate. I also can't imagine that Obama will leave Washington at this point to sit alone on a stage in Oxford Mississippi. The Democrats were so determined to prevent McCain from getting credit for helping to craft a way for this bill to pass, that even the thought of it turned them into shouting partisans.

At this point I don't want this particular bill to pass, but I think Congress has wasted too much time already on a bill that Republicans clearly didn't think was best or fair for the American people. Something must be done. Democrats are in a corner though. Because if they agree to anything that Republicans in general agree to, it will look like McCain did save the day.

We shall see if the Democrats can put away their partisanship and pass something before it is too late.

Update: If you want to get an idea of one of the many reasons why Republicans are standing against this bill, read this. Dispicable.

I wish someone could explain to me how the two biggest crooks/idiots who were a big part of getting us in this mess, Chris Dodd and Barney Frank, are now in charge of fixing it????

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